Municipal Revenue and Expenditure.

26. The revenue of municipalities in 1879 amounted to £1,053,488, and their expenditure to £1,012.280. The excess of revenue over expenditure was thus £41.205, or about 4 per cent. Although this was the case in the municipalities taken as a whole, the expenditure exceeded the revenue in 51 of those bodies—viz., 21 cities, towns, or boroughs, and 30 shires. The municipal revenue includes the State endowment, which amounted to £310,000.